Out With the Old and In With the New at American Eagle
Attention to all American Eagle Outfitter fans, things are about to change! Chief executive officer Robert Hanson has ended his venture with the brand after two years. Jay Schottenstein, current chairman will be taking over as interim CEO while the search for a new replacement is in progress. However, that is not the only person’s term that is coming to an end. Vice chairman and executive creative director Roger Markfield has postponed his retirement twice already. Scheduled to retire at the end of this month Markfield joined the AEO family in 1993, and was director since 1999. Hanson joined American Eagle Outfitters 2 years ago after being the global president for Levi Strauss & Co. American Eagle Outfitters have struggled with competing for teens attention in the past years. Hopefully, this change will be a good one.
Chanel is back and with a whole new concept. The luxury brand is back on Avenue Montaigne and is exclusively targeted to accessories, bags, shoes, and costume jewelry. Located just across the street from their ready to wear store the brand reopened their accessory store with a cocktail party on Tuesday. The pieces in the store are not the only thing looking luxurious. The whole ambiance is radiates Chanel. The 4,22o square foot store has tweed busts for displaying jewelry and leather goods are magnetically connected to the walls. The color scheme of beige, white, and gold bring a warm feel while tweed sofas and rock-crystal chandeliers hang from the ceilings. This year will bring Chanel more projects too. They will be opening eight new boutiques in Bangkok, St. Petersburg, and Chengdu. Renovating 15 stores around the world is also in progress. What a way to start the year off right.
Saks Chicago Goes Bigger and Better
Saks Fifth Avenue in Chicago relocated last week to 717 North Michigan Avenue, and has dedicated the main unit to the men. Saks men have had their own store on North Michigan Avenue for 15 years, but it closed on Jan 12. However, the $5 million renovated main building actually gave the men’s department more space (on the sixth and seventh floor) than they had previously. Other new features include a shoe department that offers more than 500 styles and extends through an open ceiling to the seventh floor. Later this month, Saks is also opening their restaurant Sophie’s at Saks Fifth Avenue with an open view of Michigan Avenue.
Source: WWDSee the Top Ten Summer 2016 Trends for Women Over 40
Tags: American Eagle Outfitters, Avenue Montaigne, Chanel, Chanel Reopens, Jay Schottenstein, retirement for AEO, Robert Hanson, Roger Markfield, Saks Fifth Avenue renovation, Saks Men, Saks on 717 North Michigan Avenue, Sophie's at Saks Fifth Avenue